Visteon (NYSE:VC) is set to announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $1.75 per share for the quarter.
Shares of Visteon (NYSE VC) opened at $124.56 on Wednesday. Visteon has a 52 week low of $91.20 and a 52 week high of $140.64. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $3,840.00, a price-to-earnings ratio of 23.82, a PEG ratio of 1.34 and a beta of 0.85.
Visteon announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several equities research analysts have recently commented on VC shares. Zacks Investment Research downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. FBR & Co boosted their target price on shares of Visteon from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Barclays boosted their target price on shares of Visteon from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Citigroup boosted their target price on shares of Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, B. Riley restated a “buy” rating on shares of Visteon in a research note on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $134.25.
In related news, CEO Sachin Lawande sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $130.94, for a total transaction of $654,700.00. Following the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,125,429.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 15,000 shares of company stock worth $1,938,500. 0.19% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Visteon stock. The Manufacturers Life Insurance Company boosted its position in shares of Visteon Corp (NYSE:VC) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,040 shares of the auto parts company’s stock after purchasing an additional 61 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Visteon were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.
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Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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